Home Loan EMI Calculator
Calculate your home loan EMI easily with our online calculator. Compare different tenures and interest rates to find the best home loan option.
💡 Tip: Consider prepaying when interest rates drop
| Month | Opening Balance (₹) | Principal (₹) | Interest (₹) | EMI (₹) | Closing Balance (₹) |
|---|---|---|---|---|---|
| 1 | 2250000.00 | 6618.20 | 14625.00 | 21243.20 | 2,243,381.80 |
| 2 | 2243381.80 | 6661.21 | 14581.98 | 21243.20 | 2,236,720.59 |
| 3 | 2236720.59 | 6704.51 | 14538.68 | 21243.20 | 2,230,016.08 |
| 4 | 2230016.08 | 6748.09 | 14495.10 | 21243.20 | 2,223,267.99 |
| 5 | 2223267.99 | 6791.95 | 14451.24 | 21243.20 | 2,216,476.04 |
| 6 | 2216476.04 | 6836.10 | 14407.09 | 21243.20 | 2,209,639.93 |
| 7 | 2209639.93 | 6880.54 | 14362.66 | 21243.20 | 2,202,759.40 |
| 8 | 2202759.40 | 6925.26 | 14317.94 | 21243.20 | 2,195,834.14 |
| 9 | 2195834.14 | 6970.27 | 14272.92 | 21243.20 | 2,188,863.87 |
| 10 | 2188863.87 | 7015.58 | 14227.62 | 21243.20 | 2,181,848.29 |
| 11 | 2181848.29 | 7061.18 | 14182.01 | 21243.20 | 2,174,787.10 |
| 12 | 2174787.10 | 7107.08 | 14136.12 | 21243.20 | 2,167,680.02 |
| 13 | 2167680.02 | 7153.28 | 14089.92 | 21243.20 | 2,160,526.75 |
| 14 | 2160526.75 | 7199.77 | 14043.42 | 21243.20 | 2,153,326.98 |
| 15 | 2153326.98 | 7246.57 | 13996.63 | 21243.20 | 2,146,080.41 |
| 16 | 2146080.41 | 7293.67 | 13949.52 | 21243.20 | 2,138,786.74 |
| 17 | 2138786.74 | 7341.08 | 13902.11 | 21243.20 | 2,131,445.65 |
| 18 | 2131445.65 | 7388.80 | 13854.40 | 21243.20 | 2,124,056.86 |
| 19 | 2124056.86 | 7436.83 | 13806.37 | 21243.20 | 2,116,620.03 |
| 20 | 2116620.03 | 7485.17 | 13758.03 | 21243.20 | 2,109,134.86 |
| 21 | 2109134.86 | 7533.82 | 13709.38 | 21243.20 | 2,101,601.05 |
| 22 | 2101601.05 | 7582.79 | 13660.41 | 21243.20 | 2,094,018.26 |
| 23 | 2094018.26 | 7632.08 | 13611.12 | 21243.20 | 2,086,386.18 |
| 24 | 2086386.18 | 7681.69 | 13561.51 | 21243.20 | 2,078,704.49 |
| 25 | 2078704.49 | 7731.62 | 13511.58 | 21243.20 | 2,070,972.88 |
| 26 | 2070972.88 | 7781.87 | 13461.32 | 21243.20 | 2,063,191.01 |
| 27 | 2063191.01 | 7832.45 | 13410.74 | 21243.20 | 2,055,358.55 |
| 28 | 2055358.55 | 7883.36 | 13359.83 | 21243.20 | 2,047,475.19 |
| 29 | 2047475.19 | 7934.61 | 13308.59 | 21243.20 | 2,039,540.58 |
| 30 | 2039540.58 | 7986.18 | 13257.01 | 21243.20 | 2,031,554.40 |
| 31 | 2031554.40 | 8038.09 | 13205.10 | 21243.20 | 2,023,516.31 |
| 32 | 2023516.31 | 8090.34 | 13152.86 | 21243.20 | 2,015,425.97 |
| 33 | 2015425.97 | 8142.93 | 13100.27 | 21243.20 | 2,007,283.04 |
| 34 | 2007283.04 | 8195.86 | 13047.34 | 21243.20 | 1,999,087.19 |
| 35 | 1999087.19 | 8249.13 | 12994.07 | 21243.20 | 1,990,838.06 |
| 36 | 1990838.06 | 8302.75 | 12940.45 | 21243.20 | 1,982,535.31 |
| 37 | 1982535.31 | 8356.72 | 12886.48 | 21243.20 | 1,974,178.59 |
| 38 | 1974178.59 | 8411.03 | 12832.16 | 21243.20 | 1,965,767.56 |
| 39 | 1965767.56 | 8465.71 | 12777.49 | 21243.20 | 1,957,301.85 |
| 40 | 1957301.85 | 8520.73 | 12722.46 | 21243.20 | 1,948,781.12 |
| 41 | 1948781.12 | 8576.12 | 12667.08 | 21243.20 | 1,940,205.00 |
| 42 | 1940205.00 | 8631.86 | 12611.33 | 21243.20 | 1,931,573.14 |
| 43 | 1931573.14 | 8687.97 | 12555.23 | 21243.20 | 1,922,885.17 |
| 44 | 1922885.17 | 8744.44 | 12498.75 | 21243.20 | 1,914,140.73 |
| 45 | 1914140.73 | 8801.28 | 12441.91 | 21243.20 | 1,905,339.45 |
| 46 | 1905339.45 | 8858.49 | 12384.71 | 21243.20 | 1,896,480.96 |
| 47 | 1896480.96 | 8916.07 | 12327.13 | 21243.20 | 1,887,564.89 |
| 48 | 1887564.89 | 8974.02 | 12269.17 | 21243.20 | 1,878,590.87 |
| 49 | 1878590.87 | 9032.35 | 12210.84 | 21243.20 | 1,869,558.51 |
| 50 | 1869558.51 | 9091.07 | 12152.13 | 21243.20 | 1,860,467.45 |
| 51 | 1860467.45 | 9150.16 | 12093.04 | 21243.20 | 1,851,317.29 |
| 52 | 1851317.29 | 9209.63 | 12033.56 | 21243.20 | 1,842,107.66 |
| 53 | 1842107.66 | 9269.50 | 11973.70 | 21243.20 | 1,832,838.16 |
| 54 | 1832838.16 | 9329.75 | 11913.45 | 21243.20 | 1,823,508.41 |
| 55 | 1823508.41 | 9390.39 | 11852.80 | 21243.20 | 1,814,118.02 |
| 56 | 1814118.02 | 9451.43 | 11791.77 | 21243.20 | 1,804,666.59 |
| 57 | 1804666.59 | 9512.86 | 11730.33 | 21243.20 | 1,795,153.73 |
| 58 | 1795153.73 | 9574.70 | 11668.50 | 21243.20 | 1,785,579.04 |
| 59 | 1785579.04 | 9636.93 | 11606.26 | 21243.20 | 1,775,942.10 |
| 60 | 1775942.10 | 9699.57 | 11543.62 | 21243.20 | 1,766,242.53 |
| 61 | 1766242.53 | 9762.62 | 11480.58 | 21243.20 | 1,756,479.91 |
| 62 | 1756479.91 | 9826.08 | 11417.12 | 21243.20 | 1,746,653.84 |
| 63 | 1746653.84 | 9889.95 | 11353.25 | 21243.20 | 1,736,763.89 |
| 64 | 1736763.89 | 9954.23 | 11288.97 | 21243.20 | 1,726,809.66 |
| 65 | 1726809.66 | 10018.93 | 11224.26 | 21243.20 | 1,716,790.73 |
| 66 | 1716790.73 | 10084.06 | 11159.14 | 21243.20 | 1,706,706.67 |
| 67 | 1706706.67 | 10149.60 | 11093.59 | 21243.20 | 1,696,557.07 |
| 68 | 1696557.07 | 10215.57 | 11027.62 | 21243.20 | 1,686,341.50 |
| 69 | 1686341.50 | 10281.98 | 10961.22 | 21243.20 | 1,676,059.52 |
| 70 | 1676059.52 | 10348.81 | 10894.39 | 21243.20 | 1,665,710.71 |
| 71 | 1665710.71 | 10416.08 | 10827.12 | 21243.20 | 1,655,294.64 |
| 72 | 1655294.64 | 10483.78 | 10759.42 | 21243.20 | 1,644,810.86 |
| 73 | 1644810.86 | 10551.92 | 10691.27 | 21243.20 | 1,634,258.93 |
| 74 | 1634258.93 | 10620.51 | 10622.68 | 21243.20 | 1,623,638.42 |
| 75 | 1623638.42 | 10689.55 | 10553.65 | 21243.20 | 1,612,948.87 |
| 76 | 1612948.87 | 10759.03 | 10484.17 | 21243.20 | 1,602,189.85 |
| 77 | 1602189.85 | 10828.96 | 10414.23 | 21243.20 | 1,591,360.89 |
| 78 | 1591360.89 | 10899.35 | 10343.85 | 21243.20 | 1,580,461.54 |
| 79 | 1580461.54 | 10970.20 | 10273.00 | 21243.20 | 1,569,491.34 |
| 80 | 1569491.34 | 11041.50 | 10201.69 | 21243.20 | 1,558,449.84 |
| 81 | 1558449.84 | 11113.27 | 10129.92 | 21243.20 | 1,547,336.57 |
| 82 | 1547336.57 | 11185.51 | 10057.69 | 21243.20 | 1,536,151.06 |
| 83 | 1536151.06 | 11258.21 | 9984.98 | 21243.20 | 1,524,892.85 |
| 84 | 1524892.85 | 11331.39 | 9911.80 | 21243.20 | 1,513,561.45 |
| 85 | 1513561.45 | 11405.05 | 9838.15 | 21243.20 | 1,502,156.41 |
| 86 | 1502156.41 | 11479.18 | 9764.02 | 21243.20 | 1,490,677.23 |
| 87 | 1490677.23 | 11553.79 | 9689.40 | 21243.20 | 1,479,123.44 |
| 88 | 1479123.44 | 11628.89 | 9614.30 | 21243.20 | 1,467,494.54 |
| 89 | 1467494.54 | 11704.48 | 9538.71 | 21243.20 | 1,455,790.06 |
| 90 | 1455790.06 | 11780.56 | 9462.64 | 21243.20 | 1,444,009.50 |
| 91 | 1444009.50 | 11857.13 | 9386.06 | 21243.20 | 1,432,152.37 |
| 92 | 1432152.37 | 11934.20 | 9308.99 | 21243.20 | 1,420,218.16 |
| 93 | 1420218.16 | 12011.78 | 9231.42 | 21243.20 | 1,408,206.39 |
| 94 | 1408206.39 | 12089.85 | 9153.34 | 21243.20 | 1,396,116.53 |
| 95 | 1396116.53 | 12168.44 | 9074.76 | 21243.20 | 1,383,948.10 |
| 96 | 1383948.10 | 12247.53 | 8995.66 | 21243.20 | 1,371,700.56 |
| 97 | 1371700.56 | 12327.14 | 8916.05 | 21243.20 | 1,359,373.42 |
| 98 | 1359373.42 | 12407.27 | 8835.93 | 21243.20 | 1,346,966.15 |
| 99 | 1346966.15 | 12487.92 | 8755.28 | 21243.20 | 1,334,478.24 |
| 100 | 1334478.24 | 12569.09 | 8674.11 | 21243.20 | 1,321,909.15 |
| 101 | 1321909.15 | 12650.79 | 8592.41 | 21243.20 | 1,309,258.37 |
| 102 | 1309258.37 | 12733.02 | 8510.18 | 21243.20 | 1,296,525.35 |
| 103 | 1296525.35 | 12815.78 | 8427.41 | 21243.20 | 1,283,709.57 |
| 104 | 1283709.57 | 12899.08 | 8344.11 | 21243.20 | 1,270,810.49 |
| 105 | 1270810.49 | 12982.93 | 8260.27 | 21243.20 | 1,257,827.56 |
| 106 | 1257827.56 | 13067.32 | 8175.88 | 21243.20 | 1,244,760.24 |
| 107 | 1244760.24 | 13152.25 | 8090.94 | 21243.20 | 1,231,607.99 |
| 108 | 1231607.99 | 13237.74 | 8005.45 | 21243.20 | 1,218,370.24 |
| 109 | 1218370.24 | 13323.79 | 7919.41 | 21243.20 | 1,205,046.46 |
| 110 | 1205046.46 | 13410.39 | 7832.80 | 21243.20 | 1,191,636.06 |
| 111 | 1191636.06 | 13497.56 | 7745.63 | 21243.20 | 1,178,138.50 |
| 112 | 1178138.50 | 13585.30 | 7657.90 | 21243.20 | 1,164,553.21 |
| 113 | 1164553.21 | 13673.60 | 7569.60 | 21243.20 | 1,150,879.61 |
| 114 | 1150879.61 | 13762.48 | 7480.72 | 21243.20 | 1,137,117.13 |
| 115 | 1137117.13 | 13851.93 | 7391.26 | 21243.20 | 1,123,265.20 |
| 116 | 1123265.20 | 13941.97 | 7301.22 | 21243.20 | 1,109,323.22 |
| 117 | 1109323.22 | 14032.59 | 7210.60 | 21243.20 | 1,095,290.63 |
| 118 | 1095290.63 | 14123.81 | 7119.39 | 21243.20 | 1,081,166.82 |
| 119 | 1081166.82 | 14215.61 | 7027.58 | 21243.20 | 1,066,951.21 |
| 120 | 1066951.21 | 14308.01 | 6935.18 | 21243.20 | 1,052,643.20 |
| 121 | 1052643.20 | 14401.01 | 6842.18 | 21243.20 | 1,038,242.18 |
| 122 | 1038242.18 | 14494.62 | 6748.57 | 21243.20 | 1,023,747.56 |
| 123 | 1023747.56 | 14588.84 | 6654.36 | 21243.20 | 1,009,158.73 |
| 124 | 1009158.73 | 14683.66 | 6559.53 | 21243.20 | 994,475.06 |
| 125 | 994475.06 | 14779.11 | 6464.09 | 21243.20 | 979,695.96 |
| 126 | 979695.96 | 14875.17 | 6368.02 | 21243.20 | 964,820.78 |
| 127 | 964820.78 | 14971.86 | 6271.34 | 21243.20 | 949,848.92 |
| 128 | 949848.92 | 15069.18 | 6174.02 | 21243.20 | 934,779.75 |
| 129 | 934779.75 | 15167.13 | 6076.07 | 21243.20 | 919,612.62 |
| 130 | 919612.62 | 15265.71 | 5977.48 | 21243.20 | 904,346.91 |
| 131 | 904346.91 | 15364.94 | 5878.25 | 21243.20 | 888,981.97 |
| 132 | 888981.97 | 15464.81 | 5778.38 | 21243.20 | 873,517.15 |
| 133 | 873517.15 | 15565.33 | 5677.86 | 21243.20 | 857,951.82 |
| 134 | 857951.82 | 15666.51 | 5576.69 | 21243.20 | 842,285.31 |
| 135 | 842285.31 | 15768.34 | 5474.85 | 21243.20 | 826,516.97 |
| 136 | 826516.97 | 15870.84 | 5372.36 | 21243.20 | 810,646.14 |
| 137 | 810646.14 | 15974.00 | 5269.20 | 21243.20 | 794,672.14 |
| 138 | 794672.14 | 16077.83 | 5165.37 | 21243.20 | 778,594.31 |
| 139 | 778594.31 | 16182.33 | 5060.86 | 21243.20 | 762,411.98 |
| 140 | 762411.98 | 16287.52 | 4955.68 | 21243.20 | 746,124.46 |
| 141 | 746124.46 | 16393.39 | 4849.81 | 21243.20 | 729,731.08 |
| 142 | 729731.08 | 16499.94 | 4743.25 | 21243.20 | 713,231.13 |
| 143 | 713231.13 | 16607.19 | 4636.00 | 21243.20 | 696,623.94 |
| 144 | 696623.94 | 16715.14 | 4528.06 | 21243.20 | 679,908.80 |
| 145 | 679908.80 | 16823.79 | 4419.41 | 21243.20 | 663,085.01 |
| 146 | 663085.01 | 16933.14 | 4310.05 | 21243.20 | 646,151.87 |
| 147 | 646151.87 | 17043.21 | 4199.99 | 21243.20 | 629,108.66 |
| 148 | 629108.66 | 17153.99 | 4089.21 | 21243.20 | 611,954.67 |
| 149 | 611954.67 | 17265.49 | 3977.71 | 21243.20 | 594,689.18 |
| 150 | 594689.18 | 17377.72 | 3865.48 | 21243.20 | 577,311.47 |
| 151 | 577311.47 | 17490.67 | 3752.52 | 21243.20 | 559,820.80 |
| 152 | 559820.80 | 17604.36 | 3638.84 | 21243.20 | 542,216.44 |
| 153 | 542216.44 | 17718.79 | 3524.41 | 21243.20 | 524,497.65 |
| 154 | 524497.65 | 17833.96 | 3409.23 | 21243.20 | 506,663.69 |
| 155 | 506663.69 | 17949.88 | 3293.31 | 21243.20 | 488,713.81 |
| 156 | 488713.81 | 18066.56 | 3176.64 | 21243.20 | 470,647.25 |
| 157 | 470647.25 | 18183.99 | 3059.21 | 21243.20 | 452,463.26 |
| 158 | 452463.26 | 18302.18 | 2941.01 | 21243.20 | 434,161.08 |
| 159 | 434161.08 | 18421.15 | 2822.05 | 21243.20 | 415,739.93 |
| 160 | 415739.93 | 18540.89 | 2702.31 | 21243.20 | 397,199.04 |
| 161 | 397199.04 | 18661.40 | 2581.79 | 21243.20 | 378,537.64 |
| 162 | 378537.64 | 18782.70 | 2460.49 | 21243.20 | 359,754.94 |
| 163 | 359754.94 | 18904.79 | 2338.41 | 21243.20 | 340,850.15 |
| 164 | 340850.15 | 19027.67 | 2215.53 | 21243.20 | 321,822.48 |
| 165 | 321822.48 | 19151.35 | 2091.85 | 21243.20 | 302,671.13 |
| 166 | 302671.13 | 19275.83 | 1967.36 | 21243.20 | 283,395.30 |
| 167 | 283395.30 | 19401.13 | 1842.07 | 21243.20 | 263,994.18 |
| 168 | 263994.18 | 19527.23 | 1715.96 | 21243.20 | 244,466.94 |
| 169 | 244466.94 | 19654.16 | 1589.04 | 21243.20 | 224,812.78 |
| 170 | 224812.78 | 19781.91 | 1461.28 | 21243.20 | 205,030.87 |
| 171 | 205030.87 | 19910.49 | 1332.70 | 21243.20 | 185,120.38 |
| 172 | 185120.38 | 20039.91 | 1203.28 | 21243.20 | 165,080.46 |
| 173 | 165080.46 | 20170.17 | 1073.02 | 21243.20 | 144,910.29 |
| 174 | 144910.29 | 20301.28 | 941.92 | 21243.20 | 124,609.01 |
| 175 | 124609.01 | 20433.24 | 809.96 | 21243.20 | 104,175.77 |
| 176 | 104175.77 | 20566.05 | 677.14 | 21243.20 | 83,609.72 |
| 177 | 83609.72 | 20699.73 | 543.46 | 21243.20 | 62,909.99 |
| 178 | 62909.99 | 20834.28 | 408.91 | 21243.20 | 42,075.71 |
| 179 | 42075.71 | 20969.70 | 273.49 | 21243.20 | 21,106.01 |
| 180 | 21106.01 | 21106.01 | 137.19 | 21243.20 | 0.00 |
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Read the full guideLoan & EMI FAQ
Common Frequently Asked Questions about loans and EMIs. This FAQ is shared across all loan types.
Loan & EMI Quick Q/A
Q: What is a loan and how does EMI work?
A: A loan is borrowed money repaid over time. EMI (Equated Monthly Installment) is the fixed monthly payment that includes principal and interest, calculated so the loan is paid off at the end of the tenure.
Q: How is EMI calculated?
A: EMI depends on loan amount, tenure and interest rate. For reducing-balance loans the interest is calculated on outstanding principal; the standard formula uses monthly rate and number of months to compute a fixed EMI.
Q: What are typical eligibility criteria?
A: Lenders check age, income, employment stability, credit history (CIBIL), existing obligations and documentation. Satisfying these increases chances of approval and better rates.
Q: Can I prepay or foreclose a loan?
A: Many lenders allow prepayment (partial or full). Prepayment reduces outstanding principal and future interest. Some lenders may charge a prepayment or foreclosure fee — check your loan terms before paying off early.
Q: Any planning tips?
A: Budget for EMIs, keep an emergency fund, compare lender offers, and watch for processing & prepayment fees to minimize total cost.
This FAQ covers common questions about how EMIs are calculated, differences between reducing-balance and flat-rate loans, prepayment rules, documentation needed, and tips to reduce interest cost.
- What is EMI and how is it calculated?
- Difference between reducing balance and flat rate interest.
- How down payment affects EMI and total interest.
- Prepayment, foreclosure and charges to watch for.
Loan-specific FAQs
Specific FAQs for the selected loan type will appear here. (Placeholder — per-loan content can be added later.)